Ethereum price at all time record high

The price of Ethereum is at an all time record high after sky rocketing over the past week. At time of publishing the coin was trading at $6.47 USD on the Kraken exchange. The reason behind the huge increase in trading is unclear, however problems with the Bitcoin code fork along with acceptance by Microsoft to include a one click deployment option of Ethereum on its Azure cloud platform point to some reasoning behind the recent meteoric rise.